2014-04-30T08:52:18-05:00 2013-06-30 221478099 COHNREZNICK LLP 180 GLASTONBURY BOULEVARD GLASTONBURY CT 06033 990 2012-07-01 060646906 SOUTH KENT SCHOOL CORPORATION SOUT 8609273539 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 ANDREW J VADNAIS 8609273539 2014-04-28 1 JOHN TOSCANO P00358542 8606333000 2012 2015-11-30 17:44:51Z ANDREW J VADNAIS 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 14263800 0 X WWW.SOUTHKENTSCHOOL.NET X 1923 CT SOUTH KENT SCHOOL, ESTABLISHED IN 1923, IS A COLLEGE-PREPARATORY SCHOOL FOR BOYS IN GRADES 9 THROUGH 12. WE DEVELOP YOUNG MEN WHO CAN EVOLVE AND ADAPT, BE GLOBALLY COMPETITIVE AND PREPARED TO MEET THE CHALLENGES POSED BY A CHANGING NATURAL ENVIRONMENT. THEIR TIME AT SOUTH KENT PREPARES OUR STUDENTS FOR SUCCESS AT EACH POINT IN THEIR LIFE. THREE PRINCIPLES DEFINE THE SCHOOL: SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE.SOUTH KENT SCHOOL IS ACCREDITED BY THE NEW ENGLAND ASSOCIATION OF SCHOOLS AND COLLEGES AND HOLDS MEMBERSHIPS IN THE CUM LAUDE SOCIETY, THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOLS, THE NATIONAL ASSOCIATION OF EPISCOPAL SCHOOLS, THE SECONDARY SCHOOL ADMISSION TEST BOARD, THE CONNECTICUT ASSOCIATION OF INDEPENDENT SCHOOLS, THE ASSOCIATION OF BOARDING SCHOOLS, THE INTERNATIONAL COALITION OF BOYS SCHOOLS AND THE NATIONAL ASSOCIATION FOR COLLEGE ADMISSION COUNSELING. 22 21 103 0 103215 -43861 8408462 1533287 8602323 8636974 937874 323316 87589 101600 18036248 10595177 3111509 2900930 0 0 4084891 4538839 0 0 624233 4262351 4566341 11458751 12006110 6577497 -1410933 23932569 27784086 4906613 9422841 19025956 18361245 X SOUTH KENT SCHOOL IS AN INDEPENDENT, COLLEGE-PREPARATORY SCHOOL FOR BOYS. SINCE ITS FOUNDING, SOUTH KENT HAS MAINTAINED TIES WITH THE EPISCOPAL CHURCH. THREE PRINCIPLES DEFINE THE SCHOOL: SIMPLICITY OF LIFE, SELF-RELIANCE, AND DIRECTNESS OF PURPOSE.WE OFFER, BY LIVING SIMPLY, AN UNCLUTTERED ENVIRONMENT FOR LIVELY AND RIGOROUS LEARNING.WE ENCOURAGE OUR STUDENTS TO BECOME SELF-RELIANT IN ORDER TO DEVELOP COMPETENCE AND SELF-ESTEEM.WE VALUE DIRECTNESS OF PURPOSE: WE WANT EACH STUDENT TO WELCOME THE CHALLENGE TO FOCUS HIS ENERGIES, TO SET GOALS, AND TO WORK TO MEET THEM. 0 0 9671904 2900930 8568630 A PRIVATE SECONDARY EDUCATIONAL INSTITUTION FOR APPROXIMATELY 180 BOARDING AND DAY STUDENTS (BOYS). THE SCHOOL PROVIDES AN ENVIRONMENT THAT ENCOURAGES INTELLECTUAL, CULTURAL AND ATHLETIC ACHIEVEMENT. 9671904 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 1 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 70 0 1 103 1 1 1 0 0 0 0 1 1 0 0 0 0 X 22 21 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X STEVEN E CAMARDI 8609273539 40 BULLS BRIDGE ROAD SOUTH KENT CT 06785 JEFFREY G ROSENBERG 1.00 X X 0 0 0 LINCOLN W DAY 1.00 X X 0 0 0 MATTHEW J GARDELLA 1.00 X X 0 0 0 KAI J CHIN 1.00 X X 0 0 0 HAROLD W BOGLE 1.00 X 0 0 0 JEFFERY BURKE 1.00 X 0 0 0 PROFESSOR RODNEY L BURTON 1.00 X 0 0 0 FREDERICK K DAY 1.00 X 0 0 0 MCLEAN H ERSKINE 1.00 X 0 0 0 CHRISTOPHER FARR 1.00 X 0 0 0 JOHN L GARCEAU 1.00 X 0 0 0 SUSAN GARDNER 1.00 X 0 0 0 JAMES M GARNETT JR 1.00 X 0 0 0 ROBERT H HACKER 1.00 X 0 0 0 JEFFREY L HEATH 1.00 X 0 0 0 CURTIS HIMY 1.00 X 0 0 0 MARC KRUER 1.00 X 0 0 0 CAPT KATHLEEN LINDENMAYER USN RET 1.00 X 0 0 0 DAVID LYON 1.00 X 0 0 0 WILLIAM C RIKER JR 1.00 X 0 0 0 FITZ ROBERTSON 1.00 X 0 0 0 ANDREW J VADNAIS 40.00 X X 164522 0 63432 STEVEN E CAMARDI 40.00 X 86697 0 26939 251219 0 90371 1 0 1 0 SEGALLA'S TURNKEY HOUSING LLC RT 7 PO BOX 531 CANAAN CT 06018 MODULAR HOME BUILDERS 587795 FLIK INDEPENDENT SCHOOLS PO BOX 417632 BOSTON MA 02241 FOOD SERVICE 578085 MIKE GAWEL 128B SEGAR MOUNTAIN ROAD KENT CT 06757 GENERAL CONTRACTOR 549241 HLC 958 WASHINGTON ROAD WOODBURY CT 06798 GENERAL CONTRACTOR 320449 SANTORO'S COMMERCIAL LAUNDRY SERVICE 200 SAINT ONGE ROAD WINDSTED CT 06098 LAUNDRY SERVICE 142300 9 15156 1518131 33589 1533287 TUITION AND FEES 611710 8122362 8122362 AUXILIARY PROGRAMS AND SERVICES 611710 301397 301397 SUMMER PROGRAM REVENUE 611710 213215 110000 103215 8636974 325712 325712 67140 0 67140 67140 67140 3533822 3536218 -2396 -2396 -2396 63078 15156 63489 -411 -411 79102 68916 10186 10186 OTHER INCOME 611710 24685 24685 24685 10595177 8568630 103215 390045 2900930 2900930 320046 30566 238537 50943 3195216 2363188 616808 215220 196641 145375 34491 16775 585294 478056 66605 40633 241642 166843 60170 14629 3379 3379 27200 27200 44955 44955 319331 248976 64910 5445 8729 8729 144874 37565 82134 25175 112966 84725 16945 11296 995154 845881 99515 49758 94255 13952 66895 13408 8744 5251 3493 106273 95646 10627 666674 600007 66667 100502 18433 82069 DINING SERVICES 530625 530625 ATHLETICS 439025 439025 STUDENT SERVICES 198833 198833 STUDENT ACTIVITIES 178739 178739 586083 289288 115844 180951 12006110 9671904 1709973 624233 475091 322130 5834 6072 669171 706830 30390 51428 15034 15034 59669 63978 76454 233193 22432224 10177390 10329643 12254834 12271283 13706709 0 423878 23932569 27784086 457490 1044818 1060577 1193059 2824393 6163923 564153 1021041 4906613 9422841 X 4662785 5936781 8741639 6606162 5621532 5818302 19025956 18361245 23932569 27784086 X -1410933 833802 -87580 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6809585 196756 536943 1000000 6543284 6675585 96823 -127358 127500 6517550 5693537 96449 1192099 306500 6675585 5772022 245815 285700 610000 5693537 6613448 651277 -1042703 6222022 0 0 1431050 1431050 13137770 7405349 5732421 3083005 2214219 868786 4780399 557822 4222577 12254834 POST RETIREMENT BENEFIT OBLIGATION 597163 DEFERRED COMPENSATION 423878 1021041 X 8552421 833802 69327 903129 7649292 44955 2900930 2945885 10595177 9217132 156907 156907 9060225 44955 2900930 2945885 12006110 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE SOUTH KENT SCHOOL HAS APPROXIMATELY 40 INDIVIDUAL ENDOWMENT FUNDS ESTABLISHED FOR A VARIETY OF SCHOOL-RELATED PURPOSES. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE SCHOOL'S FEDERAL INFORMATION RETURNS PRIOR TO FISCAL YEAR 2010 ARE CLOSED AND MANAGEMENT CONTINUALLY EVALUATES EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW AND NEW AUTHORITATIVE RULINGS. IF THE SCHOOL HAD UNRELATED BUSINESS INCOME TAXES, IT WOULD RECOGNIZE INTEREST AND PENALTIES ASSOCIATED WITH ANY TAX MATTERS AS PART OF THE INCOME TAX PROVISION AND INCLUDE ACCRUED INTEREST AND PENALTIES WITH THE RELATED TAX LIABILITY IN THE STATEMENT OF FINANCIAL POSITION. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 68,916. NET SPECIAL EVENTS 411. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,900,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 68,916. ACTUARIAL LOSS ON POST-RETIREMENT BENEFIT OBLIGATION 87,580. NET SPECIAL EVENTS 411. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 2,900,930. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 EXPLANATION OF NONDISCRIMINATORY POLICY PUBLICATION SCHEDULE E, PART I, LINE 3 REQUIRED NOTICE PUBLISHED IN NEWSPAPER. EAST ASIA AND THE PACIFIC 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 29172 SOUTH AMERICA 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1950 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM SERVICES STUDENT RECRUITMENT 1003 0 0 0 0 0 0 32125 0 32125 0 0 0 0 0 0 METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACCRUAL BASIS HARVEST AUCTION 48745 15156 33589 33589 GOLF TOURNAMENT 28489 28489 29900 77234 15156 62078 63489 63489 -1411 1 FINANCIAL AID 119 2900930 FMV TUITION AND FEES PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: FINANCIAL AID IS GRANTED TO FAMILIES ON A NEED BASIS. IN ORDER TO OBJECTIVELY ESTABLISH FINANCIAL NEED, THE SCHOOL SUBSCRIBES TO THE SCHOOL AND STUDENT SERVICES (SSS). THE SSS PROVIDES A FINANCIAL NEEDS ANALYSIS USING OBJECTIVE CRITERIA APPLIED TO FINANCIAL INFORMATION PROVIDED BY THE FAMILIES. ONCE NEED IS ESTABLISHED, THE SCHOOL WILL DETERMINE THE APPROPRIATE AWARD AMOUNT. X 1 1 X X 0 0 0 0 0 0 0 0 0 ANDREW J VADNAIS 148522 0 0 0 16000 0 16000 0 47432 0 227954 0 0 0 PART I, LINE 1A THE HEADMASTER MUST RESIDE IN THE HEADMASTER'S RESIDENCE LOCATED ON THE SCHOOL'S CAMPUS IN ORDER FOR THE HEADMASTER TO EFFECTIVELY PERFORM PRESCRIBED DUTIES, INCLUDING, BUT NOT LIMITED TO, PROVIDING STUDENTS AND TEACHERS OFF HOURS WITH ACCESS TO LOCKED BUILDINGS AND OTHER CAMPUS VENUES WHEN NECESSARY, PROVIDING CAMPUS OVERSIGHT DURING EVENINGS AND WEEKENDS AND VACATIONS, AND PROVIDING COVENIENT ADMINISTRATIVE PRESENCE AT SCHOOL EVENTS. THE HEADMASTER'S OCCUPATION OF THIS RESIDENCE IS A CONDITION OF HIS EMPLOYMENT BY THE SCHOOL AND IS FOR THE CONVENIENCE OF THE SCHOOL. AS A REPRESENTATIVE OF THE SCHOOL, THE HEADMASTER USES SAID HOUSE FOR MEETINGS OF DONORS, STUDENTS, TEACHERS, STAFF MEMBERS, ALUMNI, VISITING TEACHERS, SCHOLARS, TRUSTEES, AND SPEAKERS, AND FOR SUCH OTHER SCHOOL FUNCTIONS AND AFFAIRS AS SHALL BE APPROPRIATE FOR THE BEST INTEREST AND DEVELOPMENT OF THE SCHOOL. NANCY LYON SPOUSE OF HEADMASTER 65000 COMPENSATION FOR HER ROLE AS THE SCHOOL'S CHIEF OPERATIONS OFFICER AND FOURTH FORM DEAN. 0 X VARIOUS AUCTION ITEMS 161 33589 FAIR VALUE 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 TRUSTEE FREDERICK DAY IS THE THE BROTHER OF TRUSTEE LINCOLN DAY. FORM 990, PART VI, SECTION B, LINE 11 ONCE THE FORM 990 IS COMPLETED, IT IS FIRST REVIEWED BY THE SCHOOL'S INTERNAL MANAGEMENT AND OUTSIDE ADVISORS. FOLLOWING THAT REVIEW, THE FORM 990 IS PROVIDED TO THE FULL BOARD OF TRUSTEES WHO WILL THEN REVIEW AND APPROVE THE FILING OF THE FORM FOR THE TAX YEAR. FORM 990, PART VI, SECTION B, LINE 12C THE CORPORATION, ITS TRUSTEES AND OFFICERS SHALL AT ALL TIMES TAKE SUCH STEPS AS ARE NECESSARY TO ENSURE NO CONFLICT OF INTEREST EXISTS OR OCCURS BETWEEN ANY TRUSTEE OR OFFICER OF THE CORPORATION AND THE CORPORATION OR ITS INTERESTS. ANY TRUSTEE WHO HAS ANY INTEREST, DIRECTLY OR INDIRECTLY, IN ANY ENTITY THAT CONTRACTS WITH OR OTHERWISE SERVES THE CORPORATION SHALL BE DISQUALIFIED FROM VOTING WITH REGARD TO SUCH RELATIONSHIP OR OTHERWISE ACTING IN ANY OFFICIAL CAPACITY ON BEHALF OF THE CORPORATION IN CONNECTION WITH SUCH RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 15 THE HEADMASTER'S COMPENSATION IS REVIEWED ANNUALLY AND INDEPENDENTLY BY THE BOARD OF TRUSTEES. COMPARABLE COMPENSATION DATA IS CONSIDERED DURING THE REVIEW, INCLUDING SALARY DATA FROM PRIOR YEARS' FORM 990 AND NAIS BENCHMARK DATA. A RECOMMENDATION IS THEN PROVIDED FOR APPROVAL BY THE FULL BOARD. SIMILARY, SALARIES OF OTHER KEY EMPLOYEES ARE REVIEWED BY THE HEADMASTER IN CONJUNCTION WITH COMPARABLE SALARY DATA DERIVED FROM VARIOUS SOURCES, INCLUDING NAIS BENCHMARK DATA AND FORM 990 OF SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICIES AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST AT THE OFFICES OF THE SCHOOL. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: ACTUARIAL LOSS ON POST-RETIREMENT BENEFIT OBLIGATION -87,580. FORM 990, PART XII, LINE 2C: THE SCHOOL HAS NOT CHANGED ITS OVERSIGHT OR ITS SELECTION PROCESSES DURING THE TAX YEAR.